If you ever wondered why our banks are failing, the answer, my friends, is greed. Greed that President Obama is trying to put an end to—starting with Citigroup's plans for a $50 million jet.

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Apparently, they felt that their $45 billion dollars of bailout money entitled them to a luxurious corporate jet that features "plush interior with leather seats, sofas and a customizable entertainment center." The French-made Dassault Falcon 7X also has an impressive range of 5,950 nautical miles—meaning that it can fly as far East as Saudi Arabia and as far West as Russia.

After learning of their plans to go ahead with the purchase, Obama's officials told Citigroup execs simply to "fix it." Ohhh, man that feels good. Like a satisfying smackdown that all taxpayers can revel in. [Huffington Post via Digg]